Neobank comparison
Compare Monese and Monzo side by side: fees, regulation, platforms.
Best for newcomers without local credit history
Monese earns its place as an entry account for new arrivals who cannot yet pass a traditional bank's checks, …
Best for budgeting
Monzo turned budgeting into the headline feature of a current account. For UK users who want to see and shape…
| Feature | Monese | Monzo |
|---|---|---|
| Monthly fee | Free | Free |
| FX markup | 2.50% | 0% |
| Savings APY | - | 3.50% |
| Currencies | 3 | 1 |
| Card network | Mastercard | Mastercard |
| Deposit protection | Safeguarded (FCA-authorised e-money) | FSCS up to 85,000 GBP |
| Regulators | - | - |
| Best for | Best for newcomers without local credit history | Best for budgeting |
| Markets & account | ||
Monese
Monese earns its place as an entry account for new arrivals who cannot yet pass a traditional bank's checks, with multi-currency basics built in from day one.
Confirm current fees and rates on the provider's site. T&Cs apply.
Monzo
Monzo turned budgeting into the headline feature of a current account. For UK users who want to see and shape their spending, nothing else comes close on usability.
Confirm current fees and rates on the provider's site. T&Cs apply.
Line up any two accounts side by side, or browse the full list to find your next platform.